Income-generating property featuring two semi-detached homes, each with basement apartments, ideally located within walking distance to Algonquin College. This prime location offers easy access to LRT station(when completed), public transit, and a wide array of nearby amenities including shopping, schools, restaurants, parks, and everyday conveniences making it highly attractive to students, professionals, and long-term tenants alike. The property generates a strong gross annual rental income of $70,972.08, with tenants paying all utilities, keeping operating costs low generating higher NOI. The building is equipped with 4 hydro meters, 2 gas meters, and water sub-metering for efficient and transparent utility management. Basement units are heated by electric baseboard, while the upper units feature forced-air natural gas heating, offering independent and reliable climate control throughout.Under the City of Ottawa's proposed Official Plan, the property is anticipated to fall under MS2 H zoning, which allows for a wide range of mixed-use and intensified development options, subject to City approvals. This zoning framework provides significant long-term redevelopment and value-add potential at this highly desirable, transit-oriented location. A rare opportunity to acquire a high-performing income property with excellent holding income today and exceptional redevelopment potential for the future.
Property Type:
Residential Freehold
Property Sub Type:
Fourplex
Home Style:
2-Storey
Total Approx Floor Area:
2500-3000
Lot Depth:
77'23.5 m
Lot Frontage:
63'11"19.5 m
Direction Faces:
South
Bedrooms:
7+2
Bathrooms:
4.0
Water supply:
Municipal
Kitchens:
4
Kitchens in Basement:
2
Bedrooms Above Grade:
7
Bedrooms Below Grade:
2
Kitchens Above Grade:
2
Rooms Above Grade:
13
Rooms Below Grade:
6
Heating type:
Forced Air
Heating Fuel:
Gas
Fireplaces:
0
Foundation:
Block
Roof:
Asphalt Shingle
Basement:
Full, Finished
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Features:
None
Parking Spaces:
5
Total Parking Spaces:
5.0
Family Room:
No
Possession Details:
TBD
Pool:
None
HST Applicable To Sale Price:
Not Subject to HST
Assessment Year:
2025
Taxes:
$7,111.27 /
2025
Assessment:
$- /
2025
Ottawa
Meadowlands - Crestview and Area
7301 - Meadowlands/St. Claire Gardens
Accessory Apartment
4 x hot water tanks
4 x stove, 4 x fridge, 2 x dishwasher, 4 x washer/dryer, all in "as is, where is condition", 2 x furnace, water sub meters,
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